With the U.S. stock market falling and gold performing poorly, investors have poured heavily into U.S. Treasury bond ETFs. In March, net inflows reached $30 billion, mainly concentrated in ultra-short-term products. Analysts recommend holding cash and waiting patiently.

2026-03-31 08:30 to 08:45 (UTC), ETH’s short-term return recorded -0.66%, with the price range between 2039.73 and 2054.49 USDT, and the amplitude reaching 0.72%. During this period, market volatility intensified, with a clear increase in trading attention, reflecting investors’ rapid reaction to risk events and a rise in safe-haven sentiment. The main drivers behind this unusual move were a significant drop in the number of active addresses on-chain (down about 14.49% from the previous day to 490,239), which weakened network liquidity and reduced the market’s ability to absorb demand. Meanwhile, trading volumes also declined, indicating a cautious market sentiment and a wait-and-see attitude among investors.

Due to the impact of the Middle East situation, the gold market has been extremely volatile, with this month’s expected decline reaching 14.6%. Even though Trump has signaled a more conciliatory stance, geopolitical conflicts have pushed up oil and gas prices, putting pressure on gold’s performance. Analysts believe that the outlook remains optimistic in the long and medium term, but in the short term, gold prices may face pullback pressure.

Against the backdrop of the U.S.-Iran conflict, Bitcoin has not shown the characteristics of a safe-haven asset; instead, it has fallen in tandem with risk assets. 10x Research noted that investors have misread Bitcoin’s attributes and relied on outdated models. Although Bitcoin ETFs attract new investors’ attention to macro variables, not all indicators are applicable—some retail traders have seen losses worsen due to an incorrect narrative.

Steakhouse Financial releases the latest updates on the security incident. The official website is still offline, but the Steakhouse Vaults site is operating normally, and there are no issues with the deposit and withdrawal functions. The attack originated from a phone-based social engineering assault, which resulted in the theft of domain management permissions, and the website’s DNS now points to a malicious IP. The official team has rolled back all changes, and users’ assets are safe.

Tempo has completed integration with Safe{Wallet} to launch a programmable multi-signature account, supporting financial institutions and payment service providers in managing transaction fees with stablecoins, reducing transfer costs to below $0.001, and enhancing blockchain payment efficiency.

On March 27, the crypto market continued to slide. Bitcoin fell below $70,000, and Ethereum and other major assets also generally pulled back. Rising geopolitical risks and higher oil prices weighed on the market. Funds flowed into traditional safe-haven assets, causing investor sentiment to turn cautious. Whether Bitcoin can rebound in the future will depend on changes in the macroeconomic environment.

Gate News reports that on March 26, the options market analysis firm QCP released a Bitcoin options market observation report. The data shows that implied volatility has slightly declined, the curve remains mildly in contango, downward hedging demand still exists but has not reached extreme levels, and geopolitical premiums continue to be reflected in volatility pricing. QCP pointed out that BTC is currently neither fully following the high-beta logic of the stock market nor has it formed stable safe-haven demand; market movements are still primarily driven by news. QCP stated that in the short term, a trending market awaits clearer macroeconomic or geopolitical developments.

In March 2026, gold experienced its largest decline in nearly a century, dropping from $5,193 to $4,098, reflecting a reassessment of its safe-haven properties by investors. Meanwhile, Bitcoin performed relatively stably, becoming a new store of value for some investors. The correlation between gold and Bitcoin has fallen to -0.31, indicating diverging trends. Market opinions on gold's outlook are divided, and future movements will be influenced by geopolitical and monetary policy developments.

Gate News, on March 25, Payy, a stablecoin startup, completed a $6 million seed round of financing in December last year, led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. This round of financing was conducted using a SAFE agreement format with attached token warrants. To date, Payy has accumulated a total of $8 million in financing.